Key suggestions from the report:
- The wholesale type segment is projected to record the fastest CAGR of over 16% from 2021 to 2028 on account of the top global companies, such as Microsoft Corp. and Oracle Corp., renting wholesale colocation centers for their servers
- The product demand in the small- & medium-scale business segment captured a sizeable share of over 37% in 2020. The segment is anticipated to witness an uptick in demand registering a strong CAGR from 2021 to 2028
- Asia Pacific is expected to register the highest growth rate over the forecast period on account of the rising data volumes across the region
- A large percentage of the population uses smartphones, thus increasing the viewership of Over-The-Top (OTT) platforms and streaming services. This is expected to generate large data volumes, thereby increasing the demand for high data storage and faster processing speeds
- The healthcare end-use segment is estimated to register the fastest CAGR from 2021 to 2028 due to the rising need to effectively store and manage patient data and increased focus on medical services amid the pandemic
Read 164 page research report with ToC on “Data Center Colocation Market Size, Share & Trends Analysis Report By Colocation Type (Retail, Wholesale), By End-use (IT & Telecom, Healthcare), By Enterprise Size (Large Enterprises, SMEs), And Segment Forecasts, 2021 – 2028” at: https://www.grandviewresearch.com/industry-analysis/data-center-colocation-market
The proliferation of online shopping worldwide is anticipated to upkeep the market growth over the next seven years. An increase in the number of online shoppers translates to the generation of increased data volumes in the retail sector. This has led to increased investments in the IT infrastructure sector, especially in data centers. Several retailers are opting for colocation centers to save IT costs, which is further expected to drive market growth.
Countries, such as India, China, and the U.S., have strict data localization laws to prevent cross-border data transfers. The European Union implemented General Data Protection Regulation (GDPR) in 2018, which laid down the norms related to personal data transfer and usage. Such protection laws have propelled several enterprises to locate their data centers within the country borders and localize data storage. Colocation data centers have presented businesses with an opportunity of leasing the infrastructure at affordable rates in proximity to the user, while also scaling the infrastructure to accommodate data volumes. These factors are expected to increase the deployment of colocation facilities, thereby driving the market growth.
Grand View Research has segmented the global data center colocation market on the basis of colocation type, enterprise size, end-use, and region:
- Data Center Colocation Type Outlook (Revenue, USD Million, 2016 – 2028)
- Data Center Colocation Enterprise Size Outlook (Revenue, USD Million, 2016 – 2028)
- Data Center Colocation End-use Outlook (Revenue, USD Million, 2016 – 2028)
- IT & Telecom
- Media & Entertainment
- Data Center Colocation Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- List of Key Players of Data Center Colocation Market
- China Telecom Corp. Ltd.
- CoreSite Realty Corp.
- CyrusOne, Inc.
- Cyxtera Technologies, Inc.
- Digital Realty Trust, Inc.
- Equinix, Inc.
- Global Switch
- NTT Communications Corp.
Find more research reports on Communications Infrastructure Industry, by Grand View Research:
- Europe Data Center Colocation Market– The Europe data center colocation market size was valued at USD 12.81 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2028.
- Data Center Construction Market– The global data center construction market size was valued at USD 207.2 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2020 to 2027.
- Data Center Power Market – The global data center power market size was valued at USD 6.80 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2019 to 2025.
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